News


New projects for Glen Auden Res.

The new projects undertaken by Glen Auden Resources this year include: * Ground geophysics are planned on the 51-claim joint venture with Mineta Resources. The property adjoins Rambo Exploration’s pro…


Seabright sits on jewel of east

On the threshhold of crossing that magic line which separates exploration companies from gold producers is Toronto-listed Seabright Resources. This Halifax- based company plans to produce from its Bea…



Canadians find gold on Aruba

In something of a coup, a little known junior Canadian mining company, Monte Carlo Gold Mines, has obtained the exclusive mining concession to this beautiful Dutch island in the Caribbean Sea just 15 …


Zahavy to buy Getty’s interest in Favourable Lake

Alberta-listed Zahavy Resources has exercised its right of first refusal and has decided to purchase Getty Resources’ 50% interest in the Favourable Lake joint venture property located north of Red La…


Getty, Noranda drilling expands Tundra potential

The first two holes of the 1987 exploration season on the Tundra property have confirmed the continuation of gold-bearing zones both at depth and along strike, partners Noranda Inc. and Getty Resource…


Plexus financing (April 20, 1987)

An $11-million equity offering is being planned by Plexus Resources, the company says. The financing will follow upon the completion of contracts being prepared between the company and Kennecott which…


Program growing

The Nickel Development Institute is expanding its engineering workshop program. A numer of workshops were conducted in the southern U.S. during the first half of this month and more are scheduled else…


Drilling program set for property

Exploration of the Bellavista, Costa Rica, gold property in the Caribbean, a joint-venture project, has revealed to date reserves of 4.1 million tons grading 0.12 oz per ton. The joint-venture compani…



Lacana completes sale of shares

Lacana Mining says it has completed the sale of five million common shares, represented by deposit receipts, at $12 each. The proceeds have been used to reduce the debt incurred from Lacana’s recent p…


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